Courage Marine Group, the dry bulk shipper that transport raw materials, has bought a newer Capesize vessel for US$10 million ($13.7 million) to replace MV Cape Ore.

The acquisition will initially be funded via internal resources. The vessel will be delivered around the end of May and the beginning of June.

Inclusive of this Capesize and Panamax-sized vessel acquired in April, the group now has a total of 10 vessels with 3 handysize, 2 Handymax, 4 Panamax and 1 Capesize dry bulk carriers.

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